Business, 11.02.2021 18:00 leannesmith90101

An inexperienced accountant for Monty Corp. showed the following in the income statement: income before income taxes $322,000 and unrealized gain on available-for-sale securities (before taxes) $90,700. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 30% tax rate. Prepare a correct statement of comprehensive income.

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An inexperienced accountant for Monty Corp. showed the following in the income statement: income bef...

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